Leading industry media, meetings and research company Northstar Travel Group has changed hands for an undisclosed amount. Its new new owner is Wasserstein Partners IV, a mid-market buyout fund.
US-focused Northstar owns research company PhoCusWright and publications Travel Weekly, TravelAge West, Business Travel News, Successful Meetings, Meetings & Conventions, Travel Weekly China, Incentive, M&C China, and Web in Travel.
It also produces more than 50 events in thirteen countries and is the majority shareholder in Inntopia, an e-commerce software provider to the ski industry.
Northstar was sold by the Wicks Group of Companies, a New York private equity firm which had owned it for several years.